189 Centre St - Richmond hill Development Land-Bayview-Centre 1.7 Acres of Residential Land in Richmond Hill, ON L4C 1A5
INVESTMENT HIGHLIGHTS
- Priced below the market
- strategic location
- pay for 1.7 acre and control 2.4 acre land
- Many upsides
EXECUTIVE SUMMARY
Location: Prime parcel in Richmond Hill, situated north of Major Mackenzie Drive, between Bayview Avenue and Yonge Street, with high visibility from Centre Street and Crosby Avenue (high-traffic roads)
Current Zoning: IC1 (Industrial Commercial), allowing for various development options:
Self-Storage Facility: Addresses growing demand for storage solutions.
Industrial Condominiums: Provides flexible spaces for small businesses and light industrial use.
Official Plan Designation: Classified as Residential Next To a Major Transit Station Area (MTSA), indicating strong potential for:
Residential Development: Supported by provincial initiatives promoting transit-oriented communities.
Affordable Rental Housing: Aligns with municipal and provincial objectives to enhance housing affordability and supply.
Strategic Advantages:
Excellent Connectivity: High visibility and access to major arterial roads.
Policy Support: Strong backing for mixed-use development next to MTSAs.
Market Demand: Increasing need for diverse housing options in the rapidly growing Richmond Hill area.
Opportunity: Represents a significant chance for developers to create impactful projects that meet community needs while leveraging supportive policies and market trends.
Current Zoning: IC1 (Industrial Commercial), allowing for various development options:
Self-Storage Facility: Addresses growing demand for storage solutions.
Industrial Condominiums: Provides flexible spaces for small businesses and light industrial use.
Official Plan Designation: Classified as Residential Next To a Major Transit Station Area (MTSA), indicating strong potential for:
Residential Development: Supported by provincial initiatives promoting transit-oriented communities.
Affordable Rental Housing: Aligns with municipal and provincial objectives to enhance housing affordability and supply.
Strategic Advantages:
Excellent Connectivity: High visibility and access to major arterial roads.
Policy Support: Strong backing for mixed-use development next to MTSAs.
Market Demand: Increasing need for diverse housing options in the rapidly growing Richmond Hill area.
Opportunity: Represents a significant chance for developers to create impactful projects that meet community needs while leveraging supportive policies and market trends.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Lot Size | 1.70 AC |
1.7 Acre ish commercial land in the hart of Richmond hill next to NewKirk Go Station ( MTSA ) Area The interesting part pay for 1.7 AC (Potential Assembly upto 2.4 AC)
DESCRIPTION
Richmond Hill considers intensification at Newkirk Business Park, GO Station : https://www.yorkregion.com/news-story/9748486-richmond-hill-considers-intensification-at-newkirk-business-park-go-station/ Newkirk GO Station lands steps away
1 of 1
Walk Score®
Very Walkable (80)
